Why Occidental Petroleum Stock Plunged 10% Today [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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US:NYSE Investor Relations:
oxy.com/investors/pages/default.aspx
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Source: Yahoo! Finance
Ironically, Occidental Petroleum just revealed that it realized higher average prices for oil and gas in its first quarter versus the fourth quarter, which is good news for the company and its investors. Why did the stock then crash today? There are three things to keep in mind. First, Occidental Petroleum's worldwide average realized price for crude oil was $71.07 per barrel in Q1 versus $69.73 per barrel in the fourth quarter. Even better, its average worldwide realized natural gas liquid prices jumped almost 19% sequentially, while its average realized domestic natural gas price surged nearly 92% to $2.42 per thousand cubic feet. The problem is, unless Occidental Petroleum increased its production in Q1, the benefits of higher prices won't flow through its top and bottom lines. Unfortunately, I suspect low production, given the harsh winter, plant outages, and weak drilling activity in Q4. Second, although Occidental Petroleum realized higher prices over Q4, its year-over-ye
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News
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OXY
Earnings
- 11/10/25 - Beat
OXY
Sec Filings
- 12/17/25 - Form 4
- 11/10/25 - Form 10-Q
- 11/10/25 - Form 8-K
- OXY's page on the SEC website